Ayala Pharmaceuticals Inc (ADXS)

[cab033]

Per the Proxy "In addition, on January 1, 2018, and on every January 1 st thereafter for ten years, the aggregate number of shares of Common Stock that may be issued under the 2015 Plan will be increased by the lesser of: (i) 5% of the total number of shares of Common Stock outstanding on December 31 of the preceding calendar year, (ii) 2,500,000, or (iii) a lesser number determined by the Board of Directors."

Not going to bash or provide any personal opinion. The above is pure fact straight from the proxy. A little basic math (2.5MM shares x 10 years) = 25MM shares or roughly 50% of current outstanding shares today, could go into the pockets of management in 10 years if this is passed and a BO does not happen before then.

*No personal opinion is provided above, just pure facts that are publicly available for all to see.